Pigs at the trough 2016

[crankedup]

It's that time of year when the CEO and Directors of some of the FTSE Companies decide to engraciate themselves with huge amounts of money the call remnumerations. The CEO of the Company that makes dettol and other products of course has decided to double his remnumerations to twenty million pounds. Well fair play he has overseen a 6% growth in the business last year. The now sees the average pay package 10000 times that of the average pay median. Twenty years back it was around 250 x.
Shareholders are once again voicing anger at what they see as excessive rewards.

[sidicks]

crankedup said:

It's that time of year when the CEO and Directors of some of the FTSE Companies decide to engraciate themselves with huge amounts of money the call remnumerations. The CEO of the Company that makes dettol and other products of course has decided to double his remnumerations to twenty million pounds. Well fair play he has overseen a 6% growth in the business last year. The now sees the average pay package 10000 times that of the average pay median. Twenty years back it was around 250 x.
Shareholders are once again voicing anger at what they see as excessive rewards.

Are you a shareholder?

[PurpleMoonlight]

It's 'remuneration'.

[Axionknight]

I couldn't give a st, personally. People in "getting paid a fortune" shocker - so what?

Buy a few shares and make your voice heard at shareholder councils etc if you care so much.

[ellroy]

Lefty poster in envy post shocker.

[London424]

Thank God he didn't see it when Bart used to be CEO, I think his head might explode.

[BlackLabel]

I see that Sir Martin Sorrell was paid over £70m for 2015 (one of the biggest pay cheques in British corporate history) which some people didn't like - not sure why given he's built his company up for over 30 years. If shareholders don't object then is it really anyone else's business?

https://www.theguardian.com/business/2016/apr/29/s...

[ZOLLAR]

Well my FTSE 100 CEO steps down next Thursday so is giving us all a £1000 (before tax unfortunately)
He's a pretty nice guy too.

http://www.thisismoney.co.uk/money/news/article-34...

Ultimately if a CEO delivers on promises, increases growth and the shareholders are happy who cares?

[crankedup]

ZOLLAR said:

Well my FTSE 100 CEO steps down next Thursday so is giving us all a £1000 (before tax unfortunately)
He's a pretty nice guy too.

http://www.thisismoney.co.uk/money/news/article-34...

Ultimately if a CEO delivers on promises, increases growth and the shareholders are happy who cares?

The ongoing problem that is definitely a problem gathering momentom is that shareholders do care and are voicing their anger at the AGM of some of these companies. Not all CEO are money grasping greedy people, but many are, and with one or two noteable exceptions they have not risked a single penny of their own money in setting up and growing a business.

I distinctly recall some of the posters in here praising the Tesco Board, how good they are and could I do better, well yes I could and did when running my own business. Add to that the chorus of praise for the likes of Fred the shred and Bob Diamond, again by people on these forms who clearly are devoid of facts and reality at times, simply supporting the ideology.

It's a pity that decent CEO are on the same playing ground as some of these other, in some cases, worthless parasites.

[eatcustard]

Private business pay lots of money to top dog and the loopy left cry about it

[crankedup]

sidicks said:

crankedup said:

It's that time of year when the CEO and Directors of some of the FTSE Companies decide to engraciate themselves with huge amounts of money the call remnumerations. The CEO of the Company that makes dettol and other products of course has decided to double his remnumerations to twenty million pounds. Well fair play he has overseen a 6% growth in the business last year. The now sees the average pay package 10000 times that of the average pay median. Twenty years back it was around 250 x.
Shareholders are once again voicing anger at what they see as excessive rewards.

Are you a shareholder?

Only through a trust fund.

[crankedup]

BlackLabel said:

I see that Sir Martin Sorrell was paid over £70m for 2015 (one of the biggest pay cheques in British corporate history) which some people didn't like - not sure why given he's built his company up for over 30 years. If shareholders don't object then is it really anyone else's business?

https://www.theguardian.com/business/2016/apr/29/s...

It's not his company. It belongs to the shareholders.

[crankedup]

eatcustard said:

Private business pay lots of money to top dog and the loopy left cry about it

Companies owned by shareholders. Private businesses do and pay whatever they like, as is their obvious right

[ATG]

Engratiate?? If you meant "ingratiate", you still need a dictionary.

[Foliage]

Sigh, not this bullst again..

[Fittster]

The OP should remember that most PHers admire the rich unquestioningly

"We frequently see the respectful attentions of the world more strongly directed towards the rich and the great, than towards the wise and the virtuous. We see frequently the vices and follies of the powerful much less despised than the poverty and weakness of the innocent…The great mob of mankind are the admirers and worshippers, and, what may seem more extraordinary, most frequently the disinterested admirers and worshippers, of wealth and greatness. (Theory of Moral Sentiments)

"a disposition to admire, and almost to worship, the rich."

Adam Smith.

Edited by Fittster on Thursday 5th May 17:05

[sidicks]

Fittster said:

The OP should remember that most PHers admire the rich unquestioningly

Not true, we simply recognise what is and what isn't our business...

[MrBarry123]

Provided they pay a fair wage to ALL of their employees, I couldn't give a flying fk what the big boys earn.

[Fittster]

sidicks said:

Fittster said:

The OP should remember that most PHers admire the rich unquestioningly

Not true, we simply recognise what is and what isn't our business...

Yep, PHers are greater thinkers than Adam Smith on issues such as economic and philosophy.

[0000]

crankedup said:

BlackLabel said:

I see that Sir Martin Sorrell was paid over £70m for 2015 (one of the biggest pay cheques in British corporate history) which some people didn't like - not sure why given he's built his company up for over 30 years. If shareholders don't object then is it really anyone else's business?

https://www.theguardian.com/business/2016/apr/29/s...

It's not his company. It belongs to the shareholders.

And if the shareholders don't object then is it really anyone else's business?